Core Viewpoint - Endeavour Silver Corp. has successfully closed a US$350 million offering of 0.25% unsecured convertible senior notes due 2031, which includes a full exercise of a US$50 million option granted to initial purchasers [1] Group 1: Offering Details - The offering consists of US$350 million aggregate principal amount of 0.25% unsecured convertible senior notes due 2031 [1] - The initial conversion rate for the notes is 80.2890 common shares per US$1,000 principal amount, translating to an initial conversion price of approximately US$12.4550 per share [1] Group 2: Use of Proceeds - The net proceeds from the offering will be used to repay the senior secured debt facility with ING Capital LLC and Societe Generale [2] - Funds will also be allocated to advance the Pitarrilla project located in Durango State, Mexico, and for general corporate purposes, including strategic opportunities [2] Group 3: Company Overview - Endeavour Silver is a mid-tier silver producer with four operating mines in Mexico and Peru, along with a robust pipeline of exploration projects across Mexico, Chile, and the United States [5] - The company has a proven track record in discovery, development, and responsible mining, aiming to drive organic growth and create lasting value [5]

Core Viewpoint - Check Point Software Technologies Ltd. has announced the pricing of $1.75 billion in Convertible Senior Notes due 2030, increasing from a previously announced $1.5 billion offering, with an option for initial purchasers to buy an additional $250 million [1][6]. Group 1: Offering Details - The Notes will be senior unsecured obligations of Check Point, with a maturity date of December 15, 2030, and will not bear regular interest [2]. - The initial conversion rate is set at 4.1042 ordinary shares per $1,000 principal amount of Notes, equating to a conversion price of approximately $243.65 per share, representing a 27.5% premium over the last reported sale price [5]. - The net proceeds from the Offering are estimated to be approximately $1.72 billion, intended for capped call transactions, share repurchases, and general corporate purposes [6][7]. Group 2: Redemption and Repurchase Rights - Check Point may redeem the Notes under specific conditions, including tax-related events or if the last reported sale price of its ordinary shares meets certain thresholds [3][4]. - Holders of the Notes can require Check Point to repurchase the Notes for cash under certain conditions, including a fundamental change [4]. Group 3: Capped Call Transactions - Check Point has entered into capped call transactions to cover the number of ordinary shares underlying the Notes, aimed at reducing potential dilution upon conversion [8]. - The cap price for these transactions is approximately $334.43 per share, representing a 75% premium over the last reported sale price of $191.10 [8]. Group 4: Market Impact and Trading - The establishment of initial hedges for the capped call transactions may influence the market price of Check Point's ordinary shares and the Notes [9]. - Concurrent repurchases of ordinary shares may lead to higher trading prices, potentially affecting the initial conversion price of the Notes [9].

Core Viewpoint - First Majestic Silver Corp. has announced the pricing of an offering of unsecured convertible senior notes due in 2031, aiming to raise US$300 million, with a potential increase to US$350 million if the over-allotment option is fully exercised [1][2]. Group 1: Offering Details - The offering consists of unsecured convertible senior notes with a principal amount of US$300 million, which may increase to US$350 million if the over-allotment option is exercised [1]. - The notes will bear a cash interest rate of 0.125% per annum, payable semi-annually [2]. - The initial conversion rate is set at 44.7227 common shares per US$1,000 principal amount, translating to an initial conversion price of approximately US$22.36 per share, representing a premium of about 42.50% compared to the previous day's closing market price [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized to repurchase a portion of the existing 0.375% convertible senior notes due in 2027 and for general corporate purposes, including strategic opportunities [1]. Group 3: Company Overview - First Majestic is a publicly traded mining company focused on silver and gold production, operating four underground mines in Mexico and holding a portfolio of development and exploration assets, including the Jerritt Canyon Gold project in Nevada, U.S.A. [6].

Core Viewpoint - Check Point Software Technologies Ltd. plans to offer $1.5 billion of 0.00% Convertible Senior Notes due 2030 in a private offering to qualified institutional buyers, with an option for initial purchasers to buy an additional $225 million [1][2]. Group 1: Offering Details - The final terms of the Notes, including the initial conversion price, will be determined at the time of pricing [2]. - The Notes will be senior, unsecured obligations and will mature on December 15, 2030, unless repurchased, redeemed, or converted earlier [2]. - The Notes will not bear regular interest, and the principal amount will not accrete [2]. Group 2: Conversion and Redemption - Holders can convert the Notes under certain conditions before September 16, 2030, and at any time thereafter until two trading days before maturity [2]. - Check Point may redeem the Notes under specific conditions, including tax-related events and if the last reported sale price of its shares meets certain thresholds [3][4]. Group 3: Use of Proceeds - The net proceeds from the offering will be used to pay for capped call transactions and to repurchase ordinary shares, potentially up to $225 million [5]. - Remaining proceeds may be allocated for general corporate purposes, including mergers and acquisitions, business development, and product development [5]. Group 4: Capped Call Transactions - Check Point plans to enter into capped call transactions to cover the number of ordinary shares underlying the Notes, which will help reduce potential dilution upon conversion [6][7]. - The capped call transactions are expected to offset cash payments required in excess of the principal amount of the converted Notes [7]. Group 5: Regulatory and Market Considerations - The Notes will be offered only to qualified institutional buyers under Rule 144A, and the offering has not been registered under the Securities Act [9]. - The press release does not constitute an offer to sell or solicit offers to buy the Notes in jurisdictions where such actions would be unlawful [10].

Core Viewpoint - Exelon Corporation has announced the pricing of its offering of $900 million in 3.25% convertible senior notes due 2029, indicating a strategic move to raise capital through a private placement under the Securities Act of 1933 [1] Group 1 - The total principal amount of the convertible senior notes being offered is $900 million [1] - The notes have a fixed interest rate of 3.25% and are set to mature in 2029 [1] - Exelon has provided initial purchasers of the convertible notes with an option to purchase additional notes within a 13-day period from the issuance date [1]

Core Viewpoint - Endeavour Silver Corp. has announced the pricing of its offering of unsecured convertible senior notes due 2031, aiming to raise US$300 million, potentially increasing to US$350 million if the over-allotment option is fully exercised [1][2]. Summary by Sections Offering Details - The company plans to issue US$300 million in aggregate principal amount of convertible senior notes, with a potential increase to US$350 million if the initial purchasers exercise their option [1]. - The notes will bear a cash interest rate of 0.25% per annum, with an initial conversion rate of 80.2890 common shares per US$1,000 principal amount, translating to an initial conversion price of approximately US$12.4550 per share, representing a 32.5% premium over the current market price [2]. Use of Proceeds - The net proceeds from the offering will be utilized to repay the senior secured debt facility with ING Capital LLC and Societe Generale, to advance the Pitarrilla project in Durango State, Mexico, and for general corporate purposes, including strategic opportunities [1]. Closing Conditions - The offering is expected to close around December 4, 2025, pending customary closing conditions, including approvals from the Toronto Stock Exchange and the New York Stock Exchange [3]. Company Overview - Endeavour Silver is a mid-tier silver producer operating four mines in Mexico and Peru, with a strong pipeline of exploration projects across Mexico, Chile, and the United States, focusing on organic growth and value creation [6].

Core Viewpoint - Plug Power Inc. has announced the pricing of $375 million in 6.75% Convertible Senior Notes due 2033, with expected net proceeds of approximately $347.2 million, aimed at repaying existing debt and repurchasing convertible notes [1][2][3] Group 1: Offering Details - The notes are priced at 95% of their principal amount and are being offered to qualified institutional buyers under Rule 144A [2][7] - The offering is expected to close on November 21, 2025, subject to customary closing conditions [1] - An additional option for initial purchasers to buy up to $56.25 million in notes is available [1] Group 2: Use of Proceeds - Approximately $245.6 million of the net proceeds will be used to repay the outstanding principal and interest on 15.00% secured debentures [2] - About $101.6 million of the net proceeds, along with $52.4 million in cash on hand, will be used to repurchase approximately $138 million of 7.00% convertible senior notes due 2026 [2][6] Group 3: Notes Structure - The notes will be general unsecured obligations, ranking senior to future subordinated debts and equal to existing liabilities [3] - Interest on the notes will be paid semi-annually at a rate of 6.75%, starting June 1, 2026, with maturity on December 1, 2033 [3][4] - The notes cannot be redeemed before December 6, 2028, and holders can require repurchase on December 6, 2029 [4][5] Group 4: Conversion and Settlement - The notes will be convertible starting February 28, 2026, at an initial conversion rate of 333.3333 shares per $1,000 principal amount, equating to a conversion price of approximately $3.00 per share [5] - Conversions will be settled in cash, shares, or a combination, with cash settlement until the reserved share effective date [5] Group 5: Market Impact - The repurchase of the 2026 notes may lead to market activities that could affect the stock price of Plug Power [7] - The notes are not registered under the Securities Act and cannot be sold in the U.S. without an exemption [7]

Core Viewpoint - Lucid Group, Inc. has announced the pricing of an offering of $875 million in convertible senior notes, which will mature in 2031, with an interest rate of 7.00% per annum [1][2]. Summary by Sections Offering Details - The offering consists of $875 million aggregate principal amount of 7.00% convertible senior notes due 2031, with settlement expected around November 17, 2025 [1]. - An additional $100 million principal amount of notes may be purchased by initial purchasers within 13 days of the initial issuance [1]. Notes Characteristics - The notes will be senior, unsecured obligations, accruing interest at 7.00% per annum, payable semi-annually starting May 1, 2026 [2]. - The initial conversion rate is set at 48.0475 shares per $1,000 principal amount, equating to an initial conversion price of approximately $20.81 per share, representing a 22.5% premium over the last reported sale price of $16.99 on November 11, 2025 [2]. Redemption and Repurchase - The notes can be redeemed by Lucid starting November 6, 2028, if certain conditions regarding stock price and liquidity are met [3]. - Noteholders can require Lucid to repurchase their notes at the principal amount on November 1, 2029, or in the event of a "fundamental change" [4]. Use of Proceeds - Lucid estimates net proceeds from the offering to be approximately $863.5 million, intended primarily for repurchasing outstanding 1.25% Convertible Senior Notes due 2026, with about $752.2 million allocated for this purpose [5]. - The remaining proceeds will be used for general corporate purposes [5]. Prepaid Forward Transaction - Ayar Third Investment Company has entered into a prepaid forward transaction to purchase approximately $636.7 million of Lucid's common stock, with delivery expected around the maturity date of the notes [8]. - This transaction is designed to facilitate derivative transactions related to Lucid's common stock, potentially impacting the market price of the stock [9]. Company Overview - Lucid Group is a technology company based in Silicon Valley, focused on producing advanced electric vehicles, including the award-winning Lucid Air and Lucid Gravity SUV [12].

Core Viewpoint - IMAX Corporation has priced a private offering of $220 million in convertible senior notes, which are set to mature in 2030, with an interest rate of 0.75% per annum [1][2]. Summary by Sections Offering Details - The offering consists of $220 million aggregate principal amount of 0.75% convertible senior notes due 2030, with a settlement date scheduled for November 6, 2025 [1]. - An additional option for initial purchasers allows for the purchase of up to $30 million in principal amount of notes within 13 days of the initial issuance [1]. Interest and Conversion Terms - The notes will accrue interest at 0.75% per annum, payable semi-annually starting May 15, 2026, and maturing on November 15, 2030 [2]. - Noteholders can convert their notes under specific conditions before August 15, 2030, and at any time thereafter until the maturity date [2]. - The initial conversion rate is set at 23.5743 common shares per $1,000 principal amount, equating to an initial conversion price of approximately $42.42 per share, representing a 30% premium over the last reported sale price of $32.63 on November 3, 2025 [2]. Redemption and Repurchase Rights - The notes are redeemable at IMAX's option starting November 20, 2028, if the last reported sale price exceeds 130% of the conversion price for a specified period [3]. - In the event of a "fundamental change," noteholders may require IMAX to repurchase their notes for cash at the principal amount plus accrued interest [4]. Use of Proceeds - IMAX estimates net proceeds from the offering to be approximately $212 million, or $241.1 million if the additional notes option is fully exercised [5]. - The proceeds will be used to fund the refinancing of outstanding 2026 notes, capped call transactions, and for general corporate purposes [6][7]. Capped Call Transactions - IMAX has entered into capped call transactions to mitigate share dilution, with an initial cap price of $57.1025 per share, representing a 75% premium over the last reported sale price [13][14]. - These transactions are designed to offset potential cash payments required upon conversion of the notes [14]. Market Activity Implications - The unwinding of existing capped call transactions may lead to significant market activity, potentially affecting the market price of IMAX's common shares and the notes [10][11][15][16]. Company Overview - IMAX Corporation is a leader in entertainment technology, operating 1,829 IMAX systems across 89 countries as of September 30, 2025 [18][19].

TeraWulf Inc. announced a proposed private offering of $500 million in convertible senior notes due 2032, with an option for initial purchasers to buy up to an additional $75 million.Net proceeds are intended to fund construction of a data center campus in Abernathy, Texas, and for general corporate purposes. https://t.co/YR2CiR8dSD ...